BSE List Price : ₹179.00

Subscription

Category	Times
QIBs	41.92x
HNIs	87.14x
Retail	56.09x
Total : 58.70x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	2	1,600	₹286,400
Retail Maximum	2	1,600	₹286,400
S - HNI Minimum	3	2,400	₹429,600
S - HNI Maximum	6	4,800	₹859,200
B - HNI Minimum	7	5,600	₹1,002,400

About the Company

Shellz India manufactures confectionery products at affordable price points, primarily targeting mass-market consumers. It distributes products through super-stockists, distributors, wholesalers and retail outlets. The company also manufactures food and bakery ingredients and has expanded its manufacturing and packaging capabilities at Sonipat, Haryana.

Products & Services

• Hugs: Affordable confectionery products including candies and jellies.

• Tosca: Chocolates and higher-value confectionery products.

• Baked Treats: Bakery-based snack products.

• Food & Bakery Ingredients: Ingredients supplied for food and bakery applications.

• Packaging: In-house packaging manufacturing for captive use.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2024	₹162.81	₹154.84	₹5.25	₹147.04
2025	₹187.39	₹174.77	₹8.30	₹167.36
2026	₹193.18	₹173.89	₹13.37	₹213.72
June 2026	₹47.43	₹41.60	₹4.08	₹229.36

Company Promoter

Kapil Garg

Shalini Garg

Know before investing

• • Strengths

  • Diversified Portfolio: More than 250 product SKUs across confectionery and snack categories.

  • Established Distribution: Presence across urban, semi-urban and rural markets.

  • Affordable Pricing: Focuses on price-sensitive consumers.

  • Manufacturing Expansion: Sonipat facility supports capacity and operational efficiency.

  • Improving Profitability: PAT increased from 5.25 crore in FY2024 to 13.37 crore in FY2026.

• • Risks

  • Geographical Concentration: Significant business exposure to North Indian markets.

  • Raw Material Prices: Changes in sugar, cocoa, packaging and other input costs may affect margins.

  • Competition: Faces competition from established confectionery brands and regional manufacturers.

  • Working Capital: Inventory and customer receivables create funding requirements.

  • Borrowings: Total borrowings were 100.83 crore as of March 2026.

  • Consumer Preferences: Changes in snacking preferences may affect product demand.

Objects of the Issue & Utilisation of proceeds

• Repayment or Prepayment of Borrowings: 22 crore

• Incremental Working Capital Requirements: 23 crore

• General Corporate Purposes: Remaining eligible proceeds

• Issue Type: Fresh Issue; no Offer for Sale (OFS).

• Total Issue Size: Approximately 59.97 crore.

Company Address

Shellz India Ltd.
39/35, 2nd Floor, Main Rohtak Road,
Near Shivaji Park Metro Station, West Punjabi Bagh
Shivaji Park
West Delhi, New Delhi, 110026
Phone: 011 4850 4850
Email: investor@shellz.in
Website: https://www.shellz.in/

IPO Registrar

Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html